세계의 전력 자동화 및 계측 시장 : 시장 규모, 점유율, 동향 분석 보고서 - 기기별, 솔루션별, 지역별 전망 및 예측(2024-2031년)

The Global Automation and Instrumentation In Power Market size is expected to reach $51.7 billion by 2031, rising at a market growth of 7.0% CAGR during the forecast period.

PLCs are essential for ensuring efficient and stable operations, providing real-time monitoring, and improving overall system performance. The demand for PLCs is driven by the need for modernization and upgrading of existing power infrastructure, along with new installations in power plants and substations. Thus, in 2023, the programmable logic controller (PLC) segment procured more than 1/4th revenue share in the market. This prominence can be attributed to the extensive adoption of PLCs for their reliability, ease of programming, and ability to handle complex automation tasks in power generation and distribution systems.

The major strategies followed by the market participants are Partnership as the key developmental strategy to keep pace with the changing demands of end users. For instance, In June, 2024, Honeywell International, Inc. and Danfoss partnered to develop innovative automation solutions with integrated architecture, enhancing data integration and interoperability. Additionally, in June, 2024, Emerson partners with Syzygy Plasmonics to automate its light-driven catalyst reactor technology for sustainable chemical manufacturing. This collaboration leverages Emerson's automation expertise, aiming to reduce greenhouse gas emissions and enhance efficiency in decarbonizing carbon-intensive chemical production processes.

Based on the Analysis presented in the KBV Cardinal matrix; Siemens AG is the forerunners in the Automation and Instrumentation In Power Market. In October, 2022, Siemens came into partnership with Eplan to optimize solutions for power distribution and switchgear construction. Together, they aim to integrate software tools to automate and streamline workflows, benefiting electrical planners, switchgear manufacturers, and the broader infrastructure and industry markets. Companies such as Honeywell International, Inc., ABB Group and Emerson Electric Co. are some of the key innovators in Automation and Instrumentation In Power Market.

Market Growth Factors

Automation ensures optimal use of resources such as fuel, water, and raw materials by fine-tuning operational parameters. This leads to more efficient and sustainable power generation. Advanced instrumentation helps balance the load effectively, ensuring power plants operate optimally without overloading or underutilizing resources. Automation systems collect vast amounts of data from various power plant parts. Advanced analytics tools process this data to provide actionable insights, helping managers make informed decisions. Operators can monitor and control power plant operations remotely, making managing multiple facilities easier and responding quickly to issues. Thus, the need for operational efficiency is driving the market's growth.

Many regions are facing the challenges of aging power infrastructure that requires upgrades and retrofitting. Investment in automation and instrumentation is critical for modernizing these systems, improving their efficiency, and extending their operational lifespan. Upgrading legacy systems with automated solutions can enhance reliability and reduce maintenance costs. Therefore, rising investments in power infrastructure are driving the market's growth.

Market Restraining Factors

Existing power infrastructure may need significant upgrades to support new automation and instrumentation technologies. This can include enhancing power grids, upgrading legacy systems, and ensuring compatibility with modern equipment. Upgrading infrastructure often requires downtime, disrupting power supply and leading to revenue losses. The costs associated with planned outages and reduced operational capacity during upgrades add to the overall expense. This long payback period can deter companies from making the initial investment, especially under short-term financial pressure. In conclusion, the high initial costs are impeding the market's growth.

Solution Outlook

Based on solution, the automation and instrumentation in the power market is divided into advanced process control (APC), distributed control system (DCS), human-machine interaction (HMI), manufacturing execution system (MES), programmable logic controller (PLC), and safety automation supervisory control and data acquisition (SCADA).

In 2023, the safety automation supervisory control and data acquisition (SCADA) segment held 18% revenue share in automation and instrumentation in the power market. SCADA systems play a vital role in the remote monitoring and control of power systems, enabling operators to quickly respond to faults and optimize performance. The increasing emphasis on safety, security, and efficiency in power systems, along with the rising complexity of power grids, has driven the adoption of SCADA systems. The integration of advanced technologies such as IoT and AI in SCADA solutions has further propelled the growth rate of this segment, making it a key component in the automation and instrumentation landscape of the power market.

Instrument Outlook

Based on instrument, market is divided into field instruments and process analyzers. In 2023, the process analyzers segment procured 35% revenue share in the market. Process analyzers are vital for ensuring compliance with environmental regulations, optimizing process efficiency, and maintaining product quality within power plants. These analyzers provide real-time analysis of various chemical and physical properties of process streams, enabling operators to make informed decisions and improve operational efficiency.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed 38% revenue share in the market in 2023. This dominance can be attributed to the rapid industrialization and urbanization in countries like China, India, and Japan, which have led to increased investments in power infrastructure. The region's strong focus on enhancing power generation capacity, coupled with the adoption of advanced automation technologies to improve efficiency and reliability, has driven significant market growth.

Recent Strategies Deployed in the Market

• Aug-2024: ABB acquired the Fodisch Group, a developer of advanced measurement solutions, to enhance its Continuous Emission Monitoring Systems (CEMS) and strengthen its position in emission measurement technology within the energy and industrial sectors.
• Jun-2024: Yokogawa Electric Corporation has acquired BaxEnergy, a provider of renewable energy management solutions, enhancing its ability to optimize operations across diverse renewable energy facilities. This acquisition aims to leverage BaxEnergy's expertise and solutions to improve profitability for global energy asset owners.
• May-2024: Rockwell Automation is expanding its operations by constructing a new 98,000-square-foot manufacturing facility in Chennai, India. The company is also launching the FLEXLINE 3500 low-voltage motor control center and partnering with Mahindra University to develop a climate-focused curriculum.
• May-2024: Siemens has introduced the Simatic Automation Workstation, a software-defined solution that replaces traditional hardware PLCs and HMIs for enhanced factory control. Ford Motor Company will be the first to implement this technology, improving scalability and management in manufacturing operations.
• Apr-2024: Omron Corporation and Neura Robotics have partnered to advance cognitive robotics in industrial automation. Their collaboration aims to integrate AI and advanced sensor technologies, enhancing operational safety and efficiency. Neura's MAiRA robots are designed for labor-intensive tasks, boosting productivity in various sectors.

List of Key Companies Profiled

• Siemens AG
• ABB Group
• Emerson Electric Co.
• Rockwell Automation Inc.
• Omron Corporation
• Honeywell International, Inc.
• Schneider Electric SE
• Mitsubishi Electric Corporation
• Yokogawa Electric Corporation
• Danaher Corporation (Beckman Coulter, Inc.)

Global Automation and Instrumentation In Power Market Report Segmentation

By Instrument

• Field Instruments
• Process Analyzers

By Solution

• Programmable Logic Controller (PLC)
• Distributed Control System (DCS)
• Safety Automation Supervisory Control and Data Acquisition (SCADA)
• Human Machine Interaction (HMI)
• Advanced Process Control (APC)
• Manufacturing Execution System (MES)

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology

• 1.1 Market Definition
• 1.2 Objectives
• 1.3 Market Scope
• 1.4 Segmentation
  • 1.4.1 Global Automation and Instrumentation In Power Market, by Instrument
  • 1.4.2 Global Automation and Instrumentation In Power Market, by Solution
  • 1.4.3 Global Automation and Instrumentation In Power Market, by Geography
• 1.5 Methodology for the research

Chapter 2. Market at a Glance

• 2.1 Key Highlights

Chapter 3. Market Overview

• 3.1 Introduction
  • 3.1.1 Overview
    • 3.1.1.1 Market Scenario and Composition
• 3.2 Key Factors Impacting the Market
  • 3.2.1 Market Drivers
  • 3.2.2 Market Restraints
  • 3.2.3 Market Opportunities
  • 3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global

• 4.1 KBV Cardinal Matrix
• 4.2 Recent Industry Wide Strategic Developments
  • 4.2.1 Partnerships, Collaborations and Agreements
  • 4.2.2 Product Launches and Product Expansions
  • 4.2.3 Acquisition and Mergers
  • 4.2.4 Geographical Expansion
• 4.3 Market Share Analysis, 2023
• 4.4 Top Winning Strategies
  • 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
  • 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2022, Feb - 2024, Jun) Leading Players
• 4.5 Porter Five Forces Analysis

Chapter 5. Global Automation and Instrumentation In Power Market by Instrument

• 5.1 Global Field Instruments Market by Region
• 5.2 Global Process Analyzers Market by Region

Chapter 6. Global Automation and Instrumentation In Power Market by Solution

• 6.1 Global Programmable Logic Controller (PLC) Market by Region
• 6.2 Global Distributed Control System (DCS) Market by Region
• 6.3 Global Safety Automation Supervisory Control and Data Acquisition (SCADA) Market by Region
• 6.4 Global Human Machine Interaction (HMI) Market by Region
• 6.5 Global Advanced Process Control (APC) Market by Region
• 6.6 Global Manufacturing Execution System (MES) Market by Region

Chapter 7. Global Automation and Instrumentation In Power Market by Region

• 7.1 North America Automation and Instrumentation In Power Market
  • 7.1.1 North America Automation and Instrumentation In Power Market by Instrument
    • 7.1.1.1 North America Field Instruments Market by Country
    • 7.1.1.2 North America Process Analyzers Market by Country
  • 7.1.2 North America Automation and Instrumentation In Power Market by Solution
    • 7.1.2.1 North America Programmable Logic Controller (PLC) Market by Country
    • 7.1.2.2 North America Distributed Control System (DCS) Market by Country
    • 7.1.2.3 North America Safety Automation Supervisory Control and Data Acquisition (SCADA) Market by Country
    • 7.1.2.4 North America Human Machine Interaction (HMI) Market by Country
    • 7.1.2.5 North America Advanced Process Control (APC) Market by Country
    • 7.1.2.6 North America Manufacturing Execution System (MES) Market by Country
  • 7.1.3 North America Automation and Instrumentation In Power Market by Country
    • 7.1.3.1 US Automation and Instrumentation In Power Market
      • 7.1.3.1.1 US Automation and Instrumentation In Power Market by Instrument
      • 7.1.3.1.2 US Automation and Instrumentation In Power Market by Solution
    • 7.1.3.2 Canada Automation and Instrumentation In Power Market
      • 7.1.3.2.1 Canada Automation and Instrumentation In Power Market by Instrument
      • 7.1.3.2.2 Canada Automation and Instrumentation In Power Market by Solution
    • 7.1.3.3 Mexico Automation and Instrumentation In Power Market
      • 7.1.3.3.1 Mexico Automation and Instrumentation In Power Market by Instrument
      • 7.1.3.3.2 Mexico Automation and Instrumentation In Power Market by Solution
    • 7.1.3.4 Rest of North America Automation and Instrumentation In Power Market
      • 7.1.3.4.1 Rest of North America Automation and Instrumentation In Power Market by Instrument
      • 7.1.3.4.2 Rest of North America Automation and Instrumentation In Power Market by Solution
• 7.2 Europe Automation and Instrumentation In Power Market
  • 7.2.1 Europe Automation and Instrumentation In Power Market by Instrument
    • 7.2.1.1 Europe Field Instruments Market by Country
    • 7.2.1.2 Europe Process Analyzers Market by Country
  • 7.2.2 Europe Automation and Instrumentation In Power Market by Solution
    • 7.2.2.1 Europe Programmable Logic Controller (PLC) Market by Country
    • 7.2.2.2 Europe Distributed Control System (DCS) Market by Country
    • 7.2.2.3 Europe Safety Automation Supervisory Control and Data Acquisition (SCADA) Market by Country
    • 7.2.2.4 Europe Human Machine Interaction (HMI) Market by Country
    • 7.2.2.5 Europe Advanced Process Control (APC) Market by Country
    • 7.2.2.6 Europe Manufacturing Execution System (MES) Market by Country
  • 7.2.3 Europe Automation and Instrumentation In Power Market by Country
    • 7.2.3.1 Germany Automation and Instrumentation In Power Market
      • 7.2.3.1.1 Germany Automation and Instrumentation In Power Market by Instrument
      • 7.2.3.1.2 Germany Automation and Instrumentation In Power Market by Solution
    • 7.2.3.2 UK Automation and Instrumentation In Power Market
      • 7.2.3.2.1 UK Automation and Instrumentation In Power Market by Instrument
      • 7.2.3.2.2 UK Automation and Instrumentation In Power Market by Solution
    • 7.2.3.3 France Automation and Instrumentation In Power Market
      • 7.2.3.3.1 France Automation and Instrumentation In Power Market by Instrument
      • 7.2.3.3.2 France Automation and Instrumentation In Power Market by Solution
    • 7.2.3.4 Russia Automation and Instrumentation In Power Market
      • 7.2.3.4.1 Russia Automation and Instrumentation In Power Market by Instrument
      • 7.2.3.4.2 Russia Automation and Instrumentation In Power Market by Solution
    • 7.2.3.5 Spain Automation and Instrumentation In Power Market
      • 7.2.3.5.1 Spain Automation and Instrumentation In Power Market by Instrument
      • 7.2.3.5.2 Spain Automation and Instrumentation In Power Market by Solution
    • 7.2.3.6 Italy Automation and Instrumentation In Power Market
      • 7.2.3.6.1 Italy Automation and Instrumentation In Power Market by Instrument
      • 7.2.3.6.2 Italy Automation and Instrumentation In Power Market by Solution
    • 7.2.3.7 Rest of Europe Automation and Instrumentation In Power Market
      • 7.2.3.7.1 Rest of Europe Automation and Instrumentation In Power Market by Instrument
      • 7.2.3.7.2 Rest of Europe Automation and Instrumentation In Power Market by Solution
• 7.3 Asia Pacific Automation and Instrumentation In Power Market
  • 7.3.1 Asia Pacific Automation and Instrumentation In Power Market by Instrument
    • 7.3.1.1 Asia Pacific Field Instruments Market by Country
    • 7.3.1.2 Asia Pacific Process Analyzers Market by Country
  • 7.3.2 Asia Pacific Automation and Instrumentation In Power Market by Solution
    • 7.3.2.1 Asia Pacific Programmable Logic Controller (PLC) Market by Country
    • 7.3.2.2 Asia Pacific Distributed Control System (DCS) Market by Country
    • 7.3.2.3 Asia Pacific Safety Automation Supervisory Control and Data Acquisition (SCADA) Market by Country
    • 7.3.2.4 Asia Pacific Human Machine Interaction (HMI) Market by Country
    • 7.3.2.5 Asia Pacific Advanced Process Control (APC) Market by Country
    • 7.3.2.6 Asia Pacific Manufacturing Execution System (MES) Market by Country
  • 7.3.3 Asia Pacific Automation and Instrumentation In Power Market by Country
    • 7.3.3.1 China Automation and Instrumentation In Power Market
      • 7.3.3.1.1 China Automation and Instrumentation In Power Market by Instrument
      • 7.3.3.1.2 China Automation and Instrumentation In Power Market by Solution
    • 7.3.3.2 Japan Automation and Instrumentation In Power Market
      • 7.3.3.2.1 Japan Automation and Instrumentation In Power Market by Instrument
      • 7.3.3.2.2 Japan Automation and Instrumentation In Power Market by Solution
    • 7.3.3.3 India Automation and Instrumentation In Power Market
      • 7.3.3.3.1 India Automation and Instrumentation In Power Market by Instrument
      • 7.3.3.3.2 India Automation and Instrumentation In Power Market by Solution
    • 7.3.3.4 South Korea Automation and Instrumentation In Power Market
      • 7.3.3.4.1 South Korea Automation and Instrumentation In Power Market by Instrument
      • 7.3.3.4.2 South Korea Automation and Instrumentation In Power Market by Solution
    • 7.3.3.5 Singapore Automation and Instrumentation In Power Market
      • 7.3.3.5.1 Singapore Automation and Instrumentation In Power Market by Instrument
      • 7.3.3.5.2 Singapore Automation and Instrumentation In Power Market by Solution
    • 7.3.3.6 Malaysia Automation and Instrumentation In Power Market
      • 7.3.3.6.1 Malaysia Automation and Instrumentation In Power Market by Instrument
      • 7.3.3.6.2 Malaysia Automation and Instrumentation In Power Market by Solution
    • 7.3.3.7 Rest of Asia Pacific Automation and Instrumentation In Power Market
      • 7.3.3.7.1 Rest of Asia Pacific Automation and Instrumentation In Power Market by Instrument
      • 7.3.3.7.2 Rest of Asia Pacific Automation and Instrumentation In Power Market by Solution
• 7.4 LAMEA Automation and Instrumentation In Power Market
  • 7.4.1 LAMEA Automation and Instrumentation In Power Market by Instrument
    • 7.4.1.1 LAMEA Field Instruments Market by Country
    • 7.4.1.2 LAMEA Process Analyzers Market by Country
  • 7.4.2 LAMEA Automation and Instrumentation In Power Market by Solution
    • 7.4.2.1 LAMEA Programmable Logic Controller (PLC) Market by Country
    • 7.4.2.2 LAMEA Distributed Control System (DCS) Market by Country
    • 7.4.2.3 LAMEA Safety Automation Supervisory Control and Data Acquisition (SCADA) Market by Country
    • 7.4.2.4 LAMEA Human Machine Interaction (HMI) Market by Country
    • 7.4.2.5 LAMEA Advanced Process Control (APC) Market by Country
    • 7.4.2.6 LAMEA Manufacturing Execution System (MES) Market by Country
  • 7.4.3 LAMEA Automation and Instrumentation In Power Market by Country
    • 7.4.3.1 Brazil Automation and Instrumentation In Power Market
      • 7.4.3.1.1 Brazil Automation and Instrumentation In Power Market by Instrument
      • 7.4.3.1.2 Brazil Automation and Instrumentation In Power Market by Solution
    • 7.4.3.2 Argentina Automation and Instrumentation In Power Market
      • 7.4.3.2.1 Argentina Automation and Instrumentation In Power Market by Instrument
      • 7.4.3.2.2 Argentina Automation and Instrumentation In Power Market by Solution
    • 7.4.3.3 UAE Automation and Instrumentation In Power Market
      • 7.4.3.3.1 UAE Automation and Instrumentation In Power Market by Instrument
      • 7.4.3.3.2 UAE Automation and Instrumentation In Power Market by Solution
    • 7.4.3.4 Saudi Arabia Automation and Instrumentation In Power Market
      • 7.4.3.4.1 Saudi Arabia Automation and Instrumentation In Power Market by Instrument
      • 7.4.3.4.2 Saudi Arabia Automation and Instrumentation In Power Market by Solution
    • 7.4.3.5 South Africa Automation and Instrumentation In Power Market
      • 7.4.3.5.1 South Africa Automation and Instrumentation In Power Market by Instrument
      • 7.4.3.5.2 South Africa Automation and Instrumentation In Power Market by Solution
    • 7.4.3.6 Nigeria Automation and Instrumentation In Power Market
      • 7.4.3.6.1 Nigeria Automation and Instrumentation In Power Market by Instrument
      • 7.4.3.6.2 Nigeria Automation and Instrumentation In Power Market by Solution
    • 7.4.3.7 Rest of LAMEA Automation and Instrumentation In Power Market
      • 7.4.3.7.1 Rest of LAMEA Automation and Instrumentation In Power Market by Instrument
      • 7.4.3.7.2 Rest of LAMEA Automation and Instrumentation In Power Market by Solution

Chapter 8. Company Profiles

• 8.1 Siemens AG
  • 8.1.1 Company Overview
  • 8.1.2 Financial Analysis
  • 8.1.3 Segmental and Regional Analysis
  • 8.1.4 Research & Development Expense
  • 8.1.5 Recent strategies and developments:
    • 8.1.5.1 Partnerships, Collaborations, and Agreements:
    • 8.1.5.2 Product Launches and Product Expansions:
    • 8.1.5.3 Acquisition and Mergers:
  • 8.1.6 SWOT Analysis
• 8.2 ABB Group
  • 8.2.1 Company Overview
  • 8.2.2 Financial Analysis
  • 8.2.3 Segmental and Regional Analysis
  • 8.2.4 Research & Development Expense
  • 8.2.5 Recent strategies and developments:
    • 8.2.5.1 Partnerships, Collaborations, and Agreements:
    • 8.2.5.2 Acquisition and Mergers:
  • 8.2.6 SWOT Analysis
• 8.3 Emerson Electric Co.
  • 8.3.1 Company Overview
  • 8.3.2 Financial Analysis
  • 8.3.3 Segmental and Regional Analysis
  • 8.3.4 Research & Development Expense
  • 8.3.5 Recent strategies and developments:
    • 8.3.5.1 Partnerships, Collaborations, and Agreements:
    • 8.3.5.2 Acquisition and Mergers:
  • 8.3.6 SWOT Analysis
• 8.4 Rockwell Automation, Inc.
  • 8.4.1 Company Overview
  • 8.4.2 Financial Analysis
  • 8.4.3 Segmental and Regional Analysis
  • 8.4.4 Research & Development Expenses
  • 8.4.5 Recent strategies and developments:
    • 8.4.5.1 Acquisition and Mergers:
    • 8.4.5.2 Geographical Expansions:
  • 8.4.6 SWOT Analysis
• 8.5 Omron Corporation
  • 8.5.1 Company Overview
  • 8.5.2 Financial Analysis
  • 8.5.3 Segmental and Regional Analysis
  • 8.5.4 Research & Development Expenses
  • 8.5.5 Recent strategies and developments:
    • 8.5.5.1 Partnerships, Collaborations, and Agreements:
    • 8.5.5.2 Product Launches and Product Expansions:
  • 8.5.6 SWOT Analysis
• 8.6 Honeywell International, Inc.
  • 8.6.1 Company Overview
  • 8.6.2 Financial Analysis
  • 8.6.3 Segmental and Regional Analysis
  • 8.6.4 Research & Development Expenses
  • 8.6.5 Recent strategies and developments:
    • 8.6.5.1 Partnerships, Collaborations, and Agreements:
  • 8.6.6 SWOT Analysis
• 8.7 Schneider Electric SE
  • 8.7.1 Company Overview
  • 8.7.2 Financial Analysis
  • 8.7.3 Segmental and Regional Analysis
  • 8.7.4 Research & Development Expense
  • 8.7.5 SWOT Analysis
• 8.8 Mitsubishi Electric Corporation
  • 8.8.1 Company Overview
  • 8.8.2 Financial Analysis
  • 8.8.3 Segmental and Regional Analysis
  • 8.8.4 Research & Development Expense
  • 8.8.5 Recent strategies and developments:
    • 8.8.5.1 Partnerships, Collaborations, and Agreements:
  • 8.8.6 SWOT Analysis
• 8.9 Yokogawa Electric Corporation
  • 8.9.1 Company Overview
  • 8.9.2 Financial Analysis
  • 8.9.3 Segmental and Regional Analysis
  • 8.9.4 Research & Development Expenses
  • 8.9.5 Recent strategies and developments:
    • 8.9.5.1 Partnerships, Collaborations, and Agreements:
    • 8.9.5.2 Product Launches and Product Expansions:
    • 8.9.5.3 Acquisition and Mergers:
  • 8.9.6 SWOT Analysis
• 8.10. Danaher Corporation (Beckman Coulter, Inc.)
  • 8.10.1 Company Overview
  • 8.10.2 Financial Analysis
  • 8.10.3 Segmental and Regional Analysis
  • 8.10.4 Research & Development Expense
  • 8.10.5 SWOT Analysis

Chapter 9. Winning Imperatives of Automation and Instrumentation In Power Market